Fed Chairman Spoke About DOGE And GameStop

Fed Chairman Jerome Powell shared his thoughts on Dogecoin (DOGE) and GameStop.

Fed Chairman spoke about DOGE and GameStop. US Federal Reserve (Fed) Chairman Jerome Powell made statements about Dogecoin (DOGE) and GameStop at a press conference on April 28. Powell talked about the internet's favorite cryptocurrency at a press conference on April 28th. Yahoo Finance reporter Brian Cheung asked Powell about Dogecoin and the popular stock GameStop. Although Powell did not use the names of the two entities, he answered the question as follows: “Most people move by looking at asset prices. And I think that's what creates the bubble in the stock markets. ” As reported by U.Today, Dogecoin recorded another sharp price increase after Elon Musk tweeted "SNL" on his social media account. Musk, the founder of the electric car manufacturer Tesla, is known as the biggest supporter of the cryptocurrency unit. No Change in Interest Rate FED took a decision supporting the bullish position of the leading cryptocurrency, Bitcoin, keeping interest rates close to zero. Speaking at the press conference, Powell gave the message that the Fed is not close to withdrawing its monetary support. Claiming that the US economy is still far from achieving the central bank's goals, Powell said: "The economy is far from our goals and it will probably take some time for great progress to be made."